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Describe a Person Who is Good at Managing Money: An IELTS Speaking Guide

Budget Planning

Budget Planning

Understanding how to describe a person who excels in managing money is a common requirement in the IELTS Speaking exam. This guide will provide you with effective ways to answer such questions and ensure you achieve a high band score.

I. Introduction

The Speaking section of the IELTS exam evaluates fluency, coherence, lexical resource, grammatical range and accuracy, and pronunciation. A common topic that appears in the Speaking test is describing a person who is good at managing money. In this guide, we will present detailed examples, cue cards, and potential questions you might encounter in the exam.

II. Content

1. Part 1: Introduction and Interview

In Part 1, the examiner will ask you about familiar topics such as your home, work, or interests. Some questions might relate to finances or personal management skills.

Example Question:

“Do you think it’s important to save money?”

Suggested Answer:

“Absolutely! Saving money is crucial for several reasons. Firstly, it helps individuals prepare for unexpected expenses, such as medical emergencies or car repairs. Secondly, it allows people to plan for future investments like buying a house or long-term education. Personally, I believe that a good savings plan ensures financial stability and peace of mind.”

2. Part 2: Long Turn

This is the core part where you will be given a cue card with a specific topic. You need to speak for 1-2 minutes. Let’s create a cue card and discuss a model answer.

Cue Card:

Describe a person who is good at managing money. You should say:

Model Answer:

**”I would like to describe my uncle, Tom, who is exceptionally good at managing money. Tom has always been a role model for me when it comes to financial acumen. I have known him since my childhood and observed his financial habits closely.

He uses several effective methods to handle his finances. Firstly, he maintains a meticulous budget, noting down every expense and income source. He prioritizes essential expenses such as housing, utilities, and savings before spending on leisure activities. Additionally, he invests wisely in stocks, bonds, and real estate which provide him substantial returns.

Uncle Tom’s financial discipline is evident from his successful business ventures and well-planned retirement funds. He is also very keen on educating others about personal finance management, often giving free workshops. His approach to money reflects his careful planning and foresight, ensuring that he leads a comfortable and secure life.”**

Budget Planning

Follow-up Questions:

  1. “Is managing money a skill that everyone should learn?”

    • Suggested Answer: “Yes, I believe financial literacy is essential for everyone. By learning money management skills, individuals can avoid debts, save for the future, and make informed financial decisions.”
  2. “How can people become better at managing money?”

    • Suggested Answer: “To improve money management, people can start by creating a budget, tracking their spending, and setting clear financial goals. Additionally, reading books on finance and attending seminars can provide valuable insights.”

3. Part 3: Two-way Discussion

In Part 3, the examiner will ask more abstract and complex questions related to the Part 2 topic.

Example Questions:

  1. “How has the way people manage money changed compared to the past?”

    • Suggested Answer: “In the past, people mostly dealt with cash and physical ledgers. Today, digital banking has revolutionized money management. People use apps to track expenses, invest online, and automate savings. This technological advancement has made managing finances more convenient and transparent.”
  2. “Do you think it’s easier to manage money now or in the past?”

    • Suggested Answer: “I think it’s easier to manage money now due to the availability of financial tools and resources. The internet provides vast information on investment opportunities, and apps help in budgeting and expenditure tracking effectively. However, the ease of access to credit can lead to overspending if not managed properly.”

4. Key Vocabulary and Phrases

To ensure a high band score, having a strong vocabulary and using key phrases is essential. Here are some important words and phrases:

III. Tips for Success

Examiner’s Advice:

  1. Practice Regularly: Regular practice with a partner or instructor helps improve fluency and confidence.
  2. Expand Vocabulary: Continuously learn and use new vocabulary relevant to finance and money management.
  3. Mock Tests: Take mock speaking tests to familiarize yourself with the exam format and reduce anxiety.
  4. Feedback: Seek constructive feedback to identify areas for improvement in pronunciations, grammar, and lexical resource.
  5. Stay Calm and Clear: Speak clearly and at a moderate pace to ensure the examiner understands you well.

By following this comprehensive guide, you can effectively describe a person who is good at managing money and excel in your IELTS Speaking test. Practice these strategies, utilize the suggested vocabulary, and embrace every opportunity to refine your skills for a higher band score.


Ensure you apply these techniques and tips diligently to stand out in your IELTS exam, and visit related articles to deepen your understanding:

We hope you find this guide both informative and practical. Best of luck with your IELTS Speaking test!

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